How Tax Works
She's On The Money
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How to Calculate Your Take Home Salary
Most people own $65,000 but the average annual salary is $92,000. You're going to pay $20,367 and get to take home a sweet, sweet $71,633 each year. If you earn 200 grand, just because you mentioned it before, you'd pay $60,667 in tax and you would take home a total of $139,333. Keep in mind that doesn't take into consideration like the Medicare levy or any deductions that you've got or anything like that. That's just like base maths. It's literally because it just works with the tax brackets that I'm trying to explain. And I was just trying to be relatable and
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